MATIC is the native token of the Polygon blockchain, it is mainly used to solve the problems of scalability and fees faced by the Ethereum blockchain. After being stuck for several weeks in the price zone between $0.92 and $1.05, MATIC climbed up to hit $1.12 last Thursday, up 13% on the day.
This latest surge pushed MATIC gains to around 44% this year, marking the best month for the cryptocurrency since July when it posted a 92% gain. The latest surge should allow Polygon to test its early highs…
